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Lancaster County, SC

RANK #875 / 996 NAT  ·  #23 / 24 SC  ·  POP 97,611

1YR FORECAST: +0.1%

5YR OUTLOOK: +13%

#39 Fastest Growing #49 Highest GDP Growth
Our model projects Lancaster County's housing market at +0.1% over the next year, underperforming most U.S. counties.

[01] Why Lancaster County?

Lancaster County, South Carolina, distinguishes itself with its historical ties, particularly as the birthplace of President Andrew Jackson. The county, named after England's House of Lancaster, is located in north-central South Carolina, approximately 40 miles south of Charlotte, North Carolina, and 60 miles north of Columbia, South Carolina. Commuting to Charlotte typically takes 30 to 60 minutes, depending on traffic. The community offers a blend of small-town living with access to big-city amenities. Outdoor recreation is available at places like Forty Acre Rock Heritage Preserve and along the Catawba River, which attracts kayakers and fishermen. Andrew Jackson State Park also provides nature trails and a fishing lake.

Life in Lancaster County offers a mix of affordability and community. The county is experiencing population growth, attracting families, young professionals, and retirees. The Lancaster County School District serves over 13,000 students across 25 schools, with some schools performing above average. While a car-first lifestyle is common, the Lancaster Area Ride Service (LARS) provides transportation options for residents. The local economy, once dominated by textiles, has diversified, with recent investments in corporate facilities and advanced manufacturing. This economic shift has brought new job opportunities to the area.

[02] Market Snapshot

Housing Ratio
6.3x

Above national median (4.7x)

GDP Growth
+7.6%

Well above national median

Home Prices
-2.6%

Prices declining

Climate & Terrain
0.1

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 6.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Red Ventures Technology
    1,000+
  2. 2
    CompuCom Systems Technology
  3. 3
    Nutramax Laboratories Manufacturing
    500+
  4. 4
    Founders Federal Credit Union Finance
  5. 5
    Lancaster County School District Education
  6. 6
    Movement Mortgage Finance
  7. 7
    Continental Tire of the Americas Manufacturing
  8. 8
    Medical University of South Carolina (MUSC) Lancaster Medical Center Healthcare
  9. 9
    OceanaGold / Haile Gold Mine Other
  10. 10
    Walmart Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Lancaster County U.S. National

The Numbers

DEMOGRAPHICS
Population
97,611
+3.13% YoY
Median Household Income
$72,186
Median Home Value
$272,100
-2.58% 12mo
Median Rent
$881
Average Annual Pay
$64,550
+6.5% YoY
Employment
28,110
+2.5% YoY
Income-to-Home-Value
0.2653
More affordable than average
Migration Inflow
2.97%
of pop. from another state
Bachelor's Degree+
30.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$450,000
Days on Market
87
Slower market
Months of Supply
5.2
Buyer's market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
15.5%
Listings w/ Price Drops
25.2%
Building Permits (2024)
997
Single-Family Permits
997

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.3
per 100K · nat avg 6.3
Firearm Fatalities
20.2
per 100K · nat avg 14.8
Injury Deaths
117.8
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$6,050M
TOTAL
PROJECT AMOUNT STATUS
AI Data Center (Greenfield Road & Harrisburg Pike)
CoreWeave (leased from Chirisa Technology Parks/Machine Investment Group)
$6,000M Under Construction
Residential Land Development (Great Falls Highway)
Broadstreet Global
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +7.6% 95 percentile
Population Growth +3.1% 96 percentile
Income Growth +7.1% 19 percentile
Vacancy Rate 0.9% 66 percentile
Home Price Change -2.6% 11 percentile
Rent Growth +1.6% 28 percentile
Price/Rent 13x 54 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Lancaster County, SC a good place to move to?

The data is not encouraging — Lancaster County scores just 11/100 on the Boom Town Index, ranking #875 of 996 counties. Job growth at +2.5% and median household income of $72,186 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Lancaster County affordable?

Housing in Lancaster County is roughly in line with national affordability norms. The median home costs $272,100 and the income-to-home-value ratio sits at 0.27, with rents averaging $881/month. Not a bargain, but not a stretch for most local earners either.

Is Lancaster County growing or shrinking?

Lancaster County is growing on multiple fronts. Population is up +3.1% year-over-year while employers added jobs at a +2.5% clip. Home values shifted -2.6% in the past year.

Are people moving to Lancaster County?

There's a moderate stream of newcomers. About 2.97% of residents moved from another state, which is above average and suggests Lancaster County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Greenville County, SC 11 York County, SC 13 Beaufort County, SC 14 Berkeley County, SC 18 Horry County, SC 23 Charleston County, SC 24 Bartow County, GA 11 San Patricio County, TX 11